Question

This is a method that locates facilities relative to an X, Y grid.

Short answer

The centroid method is used to locate facilities relative to an X, Y grid.

Step-by-step solution

About the centroid method

The centroid method is a method that helps the business to recognize the facilities and the location for the manufacturing and the other production of the business. The ultimate goal of using this method is to get the minimum overall cost, shipping cost, and production and increase profit.

Use of centroid method

This is the analysis of the business that has various sites with various functions and importance. This method is usedto evaluate the cost and time involved in the transportation of materials, goods, or products from one place to another.